On September 30, 2016, Leeds LTD. acquired a patent in conjunction with the purchase of another company. The patent, valued at $4.4 million, was estimated to have a 10-year life and no residual value. Leeds uses the straight-line method of amortization for intangible assets. At the beginning of January 2018, Leeds successfully defended its patent against infringement Litigation costs totaled $240,000 Required: 1. Calculate amortization of the patent for 2016 and 2017 2. Prepare the journal entry to record the 2018 litigation costs 3. Calculate amortization for 2018 4a. Prepare the journal entry to record the 2018 litigation costs, assuming that Leeds prepares its financial statements according to IFRS 4b. Calculate amortization for 2018, assuming that Leeds prepares its financial statements according to IFRS Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4A Reg 4B Calculate amortization of the patent for 2016 and 2017. (Enter your answers in whole dollars.). 2016 2017 Amortization Reg 2 >